resale through fidelity

I think Disney gives them the contracts because they do not want to make it easy for us to buy resale.

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Disney refers contracts to Fidelity because Fidelity pays for the referrals. The two of them have a contract.

I do not know the amount Fidelity pays Disney, but it wouldn't surprise me if it's works out to be about $195 per contract - that's the same amount buyers have to pay Fidelity as an administrative fee.

IF you want to pay more use TSS, their time frame seems to be about 10-14 days quicker and their communication a bit better.

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I don't agree with this blanket statement. The contracts I tried to get through Fidelity were AKV in the mid 70s (last spring) no banked points and one was completely stripped. I ended up getting a contract through The Timeshare Store for the same price but I had 200 banked points which I sold so it was a much better deal. You can't say that people will always pay more through the Timeshare Store.

I don't agree with this blanket statement. The contracts I tried to get through Fidelity were AKV in the mid 70s (last spring) no banked points and one was completely stripped. I ended up getting a contract through The Timeshare Store for the same price but I had 200 banked points which I sold so it was a much better deal. You can't say that people will always pay more through the Timeshare Store.

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Disagree all you want, just take a look at the ROFR threads, my purchase prices, and the median purchase prices and you will see that I am right. I will not fight with you, the numbers substantiate my "blanket statement", you will not find 1, not 1 contract, sold by the TSS that is less than Fidelity's lowest. Find 1 and I will pay for your next contract, they simply will not present offers as low as Fidelity.

Disagree all you want, just take a look at the ROFR threads, my purchase prices, and the median purchase prices and you will see that I am right. I will not fight with you, the numbers substantiate my "blanket statement", you will not find 1, not 1 contract, sold by the TSS that is less than Fidelity's lowest. Find 1 and I will pay for your next contract, they simply will not present offers as low as Fidelity.

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First of all, calm down - Holy cow are you defensive.

I am not sure how you can even make the statements above. The number of posts reporting prices on the ROFR thread are very small number of contracts sold. Most do not say where they were purchased.

However, seeing as you made the offer we don't need to wait until next time: You can send me a check for $4,900 for the points I bought in June for my contract through The Timeshare store. AKV 100 points, it was loaded and I was able to sell 200 points to bring my price down to $4,900. The contracts I tried to purchase through Fidelity were both in the mid $70 and when I initially contacted Fidelity I was told not to expect the people to budge on the price given the market. (As noted in my post above, you can see that they did not have points to sell either) * Should have noted, I was willing to pay asking prices on both of those contracts with Fidelity that I mention.

Disagree all you want, just take a look at the ROFR threads, my purchase prices, and the median purchase prices and you will see that I am right. I will not fight with you, the numbers substantiate my "blanket statement", you will not find 1, not 1 contract, sold by the TSS that is less than Fidelity's lowest. Find 1 and I will pay for your next contract, they simply will not present offers as low as Fidelity.

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I 100% agree. I was told by TSS to "get more realistic" with my offers. Rude imho. I got what I wanted to pay (actually lower), so I'm glad I was persistent and used a competitor.

The contract I purchased for AKV was 250 with 500 points loaded for free. After I rent those points, it will bring the cost down to $44 per point. I couldn't even come close to that with the others. They all wanted $75-$80+ for stripped contracts. No thank you.

Just for a little reality check, all Florida real estate brokers are required to present all offers to the sellers in a timely manner.

There is nothing wrong with a broker telling a prospective buyer their offer seems unrealistic. That's not rude; it's actually usually good advice. The broker has a responsibility to both sides to make the deal happen. But if you disagree with their advice, they will still present your offer.

In fact, the only broker I've ever heard of NOT presenting offers in a timely manner is Fidelity. We've had numerous reports here of them holding offers to get a better offer, or holding offers on co-brokered deals to get all the commission themselves. They actually brag about doing that...which is unethical, IMHO.

Hearing all these stories is why I didn't go with Fidelity in the first place. I went with TSS and don't think I paid more than I would have if I went elsewhere. I've also loved my experience so far.

The guys at TSS have been insanely quick to write and call back. I called to inquire about the listing, placed the offer (which was $10 pp lower than asking price), an hour later the agent called me back with the counter offer, and an hour after that I was calling back to accept. I received the emailed copy of the contract within 2 hours of that call. Granted I understand some of this also has to do with the seller being just as quick.

The next day (which was Saturday), I copied and emailed my signed contract around 3pm, and included a few additional questions in the email. By 3:30pm I had confirmation from their admin that they received the contract. By 4pm I had an email from my agent answering my questions. She then emailed me again at 7pm thanking me about so quick and explained how after they receive my deposit, it will be quiet for a bit while in ROFR. I honestly wasn't expecting any response on a Saturday!

No Fidelity complaints here.
We made the first call Wed Sept 4, went to ROFR on Sept 10, was approved on Oct 8, had the title papers on Oct 11, and sent everything to the title company today. It would have been Friday but we were at Disney, yesterday was the banking holiday.

I would not hesitate to use them again.
Shawn Ray was my advisor, her communication was excellent throughout.

Just for a little reality check, all Florida real estate brokers are required to present all offers to the sellers in a timely manner.

There is nothing wrong with a broker telling a prospective buyer their offer seems unrealistic. That's not rude; it's actually usually good advice. The broker has a responsibility to both sides to make the deal happen. But if you disagree with their advice, they will still present your offer.

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This is not accurate. TSS did not present an offer of mine as did DVCbyresale. The rude part was not in telling me that the offer was unrealistic necessarily. The rude part was in HOW they presented it. It was rude. It's perception. My wife laughed out loud because she could hear the guy's tone on the other end. It was silly....like, "neener neener, we sold it for to $20 more per point than you offered" attitude.

Well, it WASN'T good advice. If I had listened to them, I would have overpaid by $20 per point! I ended up finding better deals on 4 contracts last month.

TSS said I couldn't find a VGC under $125 per point. We found one for $103 loaded with all banked points.

They said to be more realistic about Animal Kingdom when I offered $70 per point. We got one for $67 loaded.

They said SSR isn't selling in the 60s anymore and to not believe everything I read on the internet (when I commented about Don's thread about ACTUAL deeds). We got two for UNDER $60 per point. Yes, they may be exceptions, but look at Don's threads which are FACTS. There are PLENTY that are selling well below their listing price. So, yes, I think it's rude (depending HOW they say it) AND bad advice when they tell customers to be more "realistic" when REALITY is that they are overpriced.

However, seeing as you made the offer we don't need to wait until next time: You can send me a check for $4,900 for the points I bought in June for my contract through The Timeshare store. AKV 100 points, it was loaded and I was able to sell 200 points to bring my price down to $4,900. The contracts I tried to purchase through Fidelity were both in the mid $70 and when I initially contacted Fidelity I was told not to expect the people to budge on the price given the market. (As noted in my post above, you can see that they did not have points to sell either) * Should have noted, I was willing to pay asking prices on both of those contracts with Fidelity that I mention.

No desire to argue, I'm just stating a fact. Have a nice day!

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http://www.disboards.com/showthread.php?t=3001288
Is this the 100 pt. AKV contract you are referencing - you paid $75 (the highest per pt. paid during that ROFR reporting time, lowest was $58.)
Fidelity gets a lot of listings, I think some come w/ unrealistic prices because the sellers financed and need a certain number to walk away w/out bringing money to the table, so from watching the listings w/ all the brokers lately, there is a very wide asking price range w/ Fidelity. The best prices seem to go very fast, the one I'm in ROFR on, while not great by last June's standards, still is decent, and never made it to the Fidelity site for listing since I called the day it came in and I offered what the sellers were asking.

http://www.disboards.com/showthread.php?t=3001288
Is this the 100 pt. AKV contract you are referencing - you paid $75 (the highest per pt. paid during that ROFR reporting time, lowest was $58.)
Fidelity gets a lot of listings, I think some come w/ unrealistic prices because the sellers financed and need a certain number to walk away w/out bringing money to the table, so from watching the listings w/ all the brokers lately, there is a very wide asking price range w/ Fidelity. The best prices seem to go very fast, the one I'm in ROFR on, while not great by last June's standards, still is decent, and never made it to the Fidelity site for listing since I called the day it came in and I offered what the sellers were asking.

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First of all, please get the facts straight if you are going to try to correct me. I know what I paid, I wrote (and mac_tlc copied correctly) - I paid $74 per point so don't tell me I paid $75 because you are wrong.

Second, you say I paid the highest but
1. If you are going to do accurate comparing, you have to compare apples to apples. You neglect to note there were only a mere two other contracts 'waiting' (per your referenced link) for 100 point contracts. Hardly a vast sampling of the total resales for AKV.

2. One of those contract appears to have sold for less money per point ($65) but you neglected to deduct the money I received for the 2011 and 2012 points I sold. The other contract only had 2013 points forward so my deal was far better then one out of the two you reference as your conclusive evidence that the Timeshare store contracts always cost more.

Personally, I could care less where people buy - I have no dog in the race. What I objected to is the person who implied to the OP that he/she WILL pay more through the Timeshare store 100 percent of the time (read his response, he even bet me I couldn't find a contract for less through the Timeshare store - by the way, waiting for my check )

I got 2 good contracts from the Timeshare store and I hope the OP did not miss out on a good contract because he/she stopped looking there after being told they would pay more if they use them. It is one thing to have an opinion based on your experience, it is another thing to provide inaccurate information to people seeking help.
Have a nice day!

We've had numerous reports here of them holding offers to get a better offer, or holding offers on co-brokered deals to get all the commission themselves. They actually brag about doing that...which is unethical, IMHO.

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We are such an example. We had a contract accepted using a co-broker and were then notified the contract went to someone else. The next day someone posted on the ROFR board here they had bought OUR contract. The day after they made offer we were bounced off.
First the manager there said it was an honest mistake. We said if so, as the first buyer we should get the contract and the second buyer should be the one to be bounced. They said they would not do that and we knew it was so they did not have to share the commission.
I agree with you that it is unethical, it should also be illegal. My broker found a buyer but was cheated out of the commission he earned.
Then manager there said we were out of luck--could not prove what they did. If it was truly an HONEST MISTAKE, why such a comment?
Fidelity is the Kmart of resales. Sometimes all goes well, but often it does not and there is no conscious attempt of customer service.

Sorry for getting the price wrong, I should have put a question mark at the end of the sentence as I was curious if this was the contract you were referencing.
I see 12 100 pt. AKV contracts listed in that ROFR thread w/ prices @ $72, 65, 68, 64, 69, 67, 66, 69, 65, 67, 63.88, 74. Of those I think the $72, $65, $69 were loaded w/ 2 yrs. worth of pts. like yours and the $63.88 had 180 pts.. I agree you can assume a little risk and substantially reduce your upfront cost by renting the points you don't plan to use in a loaded contract like you did.
I'll apologize in advance if I mistyped one of those numbers.
I think these numbers more telling in comparison to what you would pay for that same 100 pt contract now as there has definitely been an increase in asking prices since you bought and it'll be interesting to see if that trend shows up in sales prices. The savings you don't mention w/ other brokers v. Fidelity is the $195 fee, which on a smaller contract adds almost $2 per pt. (unless the seller pays it.)
The other variable is who pays MF which could add more than $5 per pt..

The Timeshare Store, Inc.® prides itself on helping the DVC community. We try and assist in having buyers and sellers come together.

To all potential buyers out there: You are welcome to make an offer on any DVC listing you see. Our associates are trained to take your offer and then call the seller immediately. If they are not able to reach the seller they then email the seller. We do try and assist buyers on what properties are typically selling for currently. It is only meant to help and not meant to discourage any offer. For example, a potential buyer who just toured at Disney might have questions about what Boardwalk is currently selling for on the resale market. We might tell them currently 200 point listings at the Boardwalk are selling for between $x and $x, however, you can always make an offer to the seller. The seller will either accept your offer, counter offer or they might be firm at their price.

You are also more than welcome to make an offer via email at any time. Our email is sales@dvcstore.com. We simply need the following information emailed to us.

To make an offer or purchase at the asking price I would need the following information
1) The listing ID you would like to offer on. For example SS220-03-1014
2) Names you would like on the deed (legal names including middle initials). Everyone on the deed must be 18 or older
3) Home address
4) Phone numbers
5) Need to know if the purchase was contingent on financing
5) Need to know offer. For example, I want to offer $71 per point ($15,62), I will pay the closing costs of $530 and I understand I will need to pay the 2014 dues.
6) Need to know if you are a current member. If you are a current member then be advised if you buy the same use year (month you get your points) then everything will fall under your same membership number. If you buy a different use year or your deed is different from your 1st purchase you will be given a new membership number.

To all potential sellers out there: You are welcome to list your property with us at any time. We have an open listing and we feel we can market your property to a numerous amount of potential DVC buyers. We understand that you are trying to sell your listing at the highest possible price. We also understand that when some sellers have the need to sell that they need the property sold ASAP. We have 6 licensed sales associates working 9 to 9 Monday thru Friday, 9 to 6 on Saturday and 10 to 6 on Sunday ready and willing to answer all questions out there via phone and email to try and draw as much interest on our listings as possible. We do take all offers on properties. When we receive those offers we will present those to you in a timely manner and you can either accept the offer, counter offer or be firm at your price. If you ever want an idea on what your listing might sell for please email us at sales@dvcstore.com or call us at 1-800-550-6493.

We appreciate the Disboards and all the questions that so many of you answer for all the "newbies" out there to Disney Vacation Club. We think the Disney Vacation Club community is an extremely strong, passionate group and we are happy to be able to help so many DVC sellers and DVC buyers out there.

The Timeshare Store, Inc.® prides itself on helping the DVC community. We try and assist in having buyers and sellers come together.

To all potential buyers out there: You are welcome to make an offer on any DVC listing you see. Our associates are trained to take your offer and then call the seller immediately. If they are not able to reach the seller they then email the seller. We do try and assist buyers on what properties are typically selling for currently. It is only meant to help and not meant to discourage any offer. For example, a potential buyer who just toured at Disney might have questions about what Boardwalk is currently selling for on the resale market. We might tell them currently 200 point listings at the Boardwalk are selling for between $x and $x, however, you can always make an offer to the seller. The seller will either accept your offer, counter offer or they might be firm at their price.

You are also more than welcome to make an offer via email at any time. Our email is sales@dvcstore.com. We simply need the following information emailed to us.

To make an offer or purchase at the asking price I would need the following information
1) The listing ID you would like to offer on. For example SS220-03-1014
2) Names you would like on the deed (legal names including middle initials). Everyone on the deed must be 18 or older
3) Home address
4) Phone numbers
5) Need to know if the purchase was contingent on financing
5) Need to know offer. For example, I want to offer $71 per point ($15,62), I will pay the closing costs of $530 and I understand I will need to pay the 2014 dues.
6) Need to know if you are a current member. If you are a current member then be advised if you buy the same use year (month you get your points) then everything will fall under your same membership number. If you buy a different use year or your deed is different from your 1st purchase you will be given a new membership number.

To all potential sellers out there: You are welcome to list your property with us at any time. We have an open listing and we feel we can market your property to a numerous amount of potential DVC buyers. We understand that you are trying to sell your listing at the highest possible price. We also understand that when some sellers have the need to sell that they need the property sold ASAP. We have 6 licensed sales associates working 9 to 9 Monday thru Friday, 9 to 6 on Saturday and 10 to 6 on Sunday ready and willing to answer all questions out there via phone and email to try and draw as much interest on our listings as possible. We do take all offers on properties. When we receive those offers we will present those to you in a timely manner and you can either accept the offer, counter offer or be firm at your price. If you ever want an idea on what your listing might sell for please email us at sales@dvcstore.com or call us at 1-800-550-6493.

We appreciate the Disboards and all the questions that so many of you answer for all the "newbies" out there to Disney Vacation Club. We think the Disney Vacation Club community is an extremely strong, passionate group and we are happy to be able to help so many DVC sellers and DVC buyers out there.

Nicely written. This is probably why I would use you guys to sell if the time ever came. For buying, though, I'm only loyal to the company with the lowest price. Hopefully that's not taken as disrespectful....it's just that at the end of the day, DVC points are DVC points and for the contracts I was looking for, I don't want to name names, but I was told by one of your associates that my offer was impossible to get and wouldn't pass ROFR. Your associate was wrong on both fronts as not only did I find 4 contracts at the so-called "impossible" price, but they all passed ROFR. I think this sort of comment is the exception, but if it had been presented like you just responded in your post, I would have been fine with that. That was professional and I appreciate it.

First of all, please get the facts straight if you are going to try to correct me. I know what I paid, I wrote (and mac_tlc copied correctly) - I paid $74 per point so don't tell me I paid $75 because you are wrong.

Second, you say I paid the highest but
1. If you are going to do accurate comparing, you have to compare apples to apples. You neglect to note there were only a mere two other contracts 'waiting' (per your referenced link) for 100 point contracts. Hardly a vast sampling of the total resales for AKV.

2. One of those contract appears to have sold for less money per point ($65) but you neglected to deduct the money I received for the 2011 and 2012 points I sold. The other contract only had 2013 points forward so my deal was far better then one out of the two you reference as your conclusive evidence that the Timeshare store contracts always cost more.

Personally, I could care less where people buy - I have no dog in the race. What I objected to is the person who implied to the OP that he/she WILL pay more through the Timeshare store 100 percent of the time (read his response, he even bet me I couldn't find a contract for less through the Timeshare store - by the way, waiting for my check )

I got 2 good contracts from the Timeshare store and I hope the OP did not miss out on a good contract because he/she stopped looking there after being told they would pay more if they use them. It is one thing to have an opinion based on your experience, it is another thing to provide inaccurate information to people seeking help.
Have a nice day!

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You are right. It's not 100% of the time. It is the VAST majority of the time though that you will pay more at the Timeshare store. I hunted for two straight months and consistently, they were the highest across the board with the fewest bargains, if any. I don't blame the timeshare store. I think it's because the sellers are more educated and less distressed resulting in higher asking prices. I also think TSS is very good at what they do and probably the best at getting the highest prices for their sellers.

So what's stopping someone from buying a resale that's loaded with banked points , rent them all out and then sell the timeshare stripped? Sent from my iPhone using DISBoards

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Nothing, some have done that.

But there is the risk of a market downturn, plus the reality that one must pay closing costs as a buyer and commission as a seller. Plus you have to hold the contract for a period likely over a year. When you rent, you have to own the contract through all of the reservations. You cannot sell and close with any reservations outstanding.

So what you are suggesting is spending a lot of money up front to buy an illiquid asset, becoming a landlord for other's reservations for a year or more, and then selling as a stripped contract at more than a 15% premium to where you bought it the prior year when it was loaded, so that you can cover your additional costs.

Nothing other than that...but when you consider these factors, a nice no-load S+P 500 index fund looks like a much wiser investment.